Soliditet was the world’s first company to use a computer-based specialist system capable of rating a company’s financial status and solvency. Regardless of the financial climate, over the years, the AAA rating has demonstrated that bankruptcies can be predicted up to one year in advance, with a probability of 86–94%.

Svar Direkt, the AAA rating’s previous incarnation, was launched in 1989. It was the world’s first computer-based specialist system, capable of diagnosing a company’s solvency without human input. The emergence of AAA was a pivotal change, the impact of which was felt throughout the industry.

Our credit rating system opened up a host of new opportunities to perform valuations and comparisons. Suddenly, it was easy to perform analyses on both customers and suppliers, as well as obtaining an accumulative assessment over total credit risk.

From all limited companies to every company type

In conjunction with the launch of the AAA system, Soliditet carried out valuation of every limited liability company in Sweden. In 1991, this group was extended to include all trading partnerships, limited partnerships, and sole trader enterprises. During the system’s first year of activity, around 200,000 companies were rated. Today, Soliditet’s credit rating system encompasses in excess of 930,000 Swedish companies. The assessment criteria vary somewhat depending on the company type, which is why the service was implemented in gradual stages.

The Soliditet Diamond Award is considered a marathon distinction among company awards

Soliditet is the only company able to record up to 20 years’ rating history for individual companies. Thereby, we hold a unique insight into how both individual companies and different industries have developed over the past two decades. The AAA rating’s 20th birthday celebrations, in 2009, were marked by the introduction of a diamond award.

The Soliditet Diamond Award recognises companies who have succeeded in maintaining the highest credit worthiness classification over a 20-year period. The probability of maintaining an unblemished AAA rating for 20 years is just 1.35%. You can read more about the Soliditet Diamond Award here.